TN HB1913

Agencies must notify trade associations by email at least 45 days before public hearings on new or amended rules and generate fiscal impact statements for rules with anticipated negative effects on regulated industries, businesses, and trades.

Fiscal impact statements must include proof of feedback from affected industry representatives and cannot be created until after the public comment period; agencies are prohibited from splitting rules to circumvent monetary caps.

Rules with fiscal impacts exceeding $750,000 over five years may be submitted to the fiscal review committee for independent audit; rules exceeding $1,000,000 over five years require majority approval by both legislative chambers.

Emergency rules must have fiscal impact statements filed within 45 days or they expire; emergency rules with impacts over $1,000,000 annually expire within 180 days or by the 14th day of the next legislative session unless approved by the General Assembly.

Agencies must file annual reports by January 31 (beginning 2027) aggregating fiscal impacts of all rules enacted the previous year, submitted to legislative leadership and the Secretary of State.